Don’t Have Your Own Product? Can Affiliate Marketing Be Your Answer?

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So you don’t have a product? An Excellent Business Model For Internet Marketing Is Affiliate Marketing.

While browsing the web you will see numerous ads on the different sites you visited. With most of these ads you don’t need to purchase anything for the owner to make money. You have to click on the ad. There are people behind the scenes called affiliate marketers. Many affiliate marketers can make a 5 or 6 figure income on a monthly basis by doing internet marketing for a full-time income. It is quite astounding that you could make that amount of money by selling another person’s products, but that is the reality of affiliate marketing programs if you take action.

It is very possible to make thousands on a monthly basis, even without a product of your own. You need to look for products, belonging to other people, and advertise them. If a sale is made using your affiliate link, you make money. Let’s say the product is sold for $70 and your commission is 50%. That means you earn $35 whenever your link leads to a sale. Good money can be made without being lumbered with any of the logistical responsibility including distribution, refunds and administration. Your sole task is to attract as many people in your niche as possible to your site and encourage them into clicking through on your affiliate link. Your job is the advertising of products or services, and whenever somebody buys, a commission is paid to you. Depending on where you’re working as an affiliate, the commission rates could vary from 10 to 75 percent. The average commission rate is 50% At the present time my partner company pays 90%. Your commission is important to consider. If it is too low, and you are using paid advertising (which you should) for promotion, it could be a waste of your time.

Affiliate marketing as a business model is quite appealing because it can be easy to get started and earn money.  It’s not necessary to do things like create sales letters or develop products. None of the problems that come with dealing with the shoppers, such as refunds or customer support, are anything you should be concerned about. Research to find affiliate programs you wish to join to get your affiliate links, which recognize you as the seller. This makes sure that the sales are paid to you.

Choosing affiliate marketing can be a fairly easy way to make money, there is another side to consider. You can get set up to sell a product, and not make a dime. Success depends on the affiliate program you join and what types of marketing promotions you run. Real people have to see your web site or advertisements and click on your links. If you cannot get targeted people to your ads, you will fail.

The product owners want their affiliates to succeed, so they usually provide marketing tools to be used in promotion. These could be eye-catching web page advertising banners or online advertising. The tools well help get sales, but they must be implemented.

affiliate marketing

I have tried many affiliate marketing programs and all of them have their own set of benefits and faults.

Some are better than others, and after lots of research, time, and money, I found the one that works for me. Here is a review I’ve put together to help people see the big picture of what is involved in the program. If you are considering affiliate marketing as a possible source of income, I will be happy to help.

Have you tried affiliate marketing? What is your experience? I know there is the good, bad, and ugly in the business so if you want to learn more before diving in, here is a free, non-promotional report called  “Winning The Affiliate War.” It has some good tips and an overall picture to consider before jumping in.

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30 thoughts on “Don’t Have Your Own Product? Can Affiliate Marketing Be Your Answer?

  1. Hi Raena,

    I rather do affiliate marketing than being in a network marketing business. I’ve tried it all. I find that affiliate marketing is pretty successful and less work than network marketing.
    This year, David and I have created our own product…and are still at it. With that in the foreground, there are many affiliates I can market to my list. All the tools I use and even systems that benefit my customers.
    As we build relationships with those on our list, we use affiliates that have benefited us and know it benefits them.
    I am more comfortable in this kind of marketing and having fun doing it.

    Donna

    1. Raena Lynn
      Twitter:
      says:

      Hi Donna,

      I’m so excited to learn about your new product (David and You)! Creating your own product is ideal, but if you don’t have a product or have no intention of creating one (or more), I think affiliate marketing is the next best thing. It has its limitations but it also has it’s benefits, if you find one that pays a healthy commission. It’s also a great way to generate residual income from the tools you can recommend to your customers. I agree with your statement, “I am more comfortable in this kind of marketing and have fun doing it.” Thank you for all the shares! See you around!

      Raena Lynn

    2. The other great thing about having your own product, Donna and Raena, is that you can introduce your product to affiliate marketers who will market your product to their lists. I’ve got one original eBook, but I need to take more steps to market it more effectively.

      1. Raena Lynn
        Twitter:
        says:

        Hi Steve,

        Having an affiliate system is one of the best ways to build your business. In Matt Lloyd’s case, he started with a small affiliate program and expanded it to the Licensee program, which has further expanded to two more levels, the Platinum and Titanium Memberships. Having your own affiliate marketers also brings up all kinds of business opportunities because of the networking, relationship building, and training. Good point Steve!

        It’s may be time to get going and marketing your eBook 🙂 You could start with Clickbank to get yourself set up with an affiliate program. Start with a couple of friends or a handful of people to help you out. Suggest to them to place a banner on your blog promoting your eBook. It’s a start. Just a couple of thoughts…

        Raena Lynn

  2. Adrienne
    Twitter:
    says:

    Hi Raena,

    I started out doing affiliate marketing and when I tell the people my story they are astounded. I had always heard that it could take up to six months before you ever make a sale and I made three within my first week and paid for the course I bought to learn how to promote the products.

    From there I was hooked. People are always going to need products, services and tools to run their business or more educational products to learn more techniques. Why not be that person they buy them from. Sounds like a solid plan to me.

    The more relationships you build the more people you can promote to. I personally think it’s one of the smartest ways to go online so thanks for sharing this with us. Hope everyone listens to you.

    By the way, like the new look! Yay!!!

    ~Adrienne

    1. Raena Lynn
      Twitter:
      says:

      Hi Adrienne,

      You are so logical and you make sense! You are right on target. If people are going to buy products, services, and tools why not buy them from you! If you think affiliate marketing is the smartest way to go online, then it has to be great!

      Raena Lynn

  3. Martin Casper
    Twitter:
    says:

    Hey Raena…
    Internet, affiliate, direct sales, all have their own unique challenges. I do believe that affiliate marketing gives you a good overall aspect of independence and satisfaction.

    1. Raena Lynn
      Twitter:
      says:

      Hi Martin,

      I agree, any type of marketing has their own challenges. My favorite is affiliate marketing for the reasons I listed in the post. The key is to choose one company and focus on promoting it’s products. I believe attraction marketing can be combined with affiliate marketing as long as you develop and maintain relationships with your customers. Great seeing you again!

      Raena Lynn

  4. When I first was introduced to affiliate marketing, I was so excited. I like the fact that the products I could choose from were very profession looking, valuable information, good marketing sites, etc. They were all ready for me to promote. I liked what they offered and for sure someone else would also. So off I went learning how to market these great products. My results $0. Of course my enthusiasm waned a bit. I had money out of my pocket buying this great product but could not get anyone else to see the value. No I wander, did I choose the right product, was the marketplace more skeptical than I, were there too many offers just like this product, was I not promoting it right?????

    1. Raena Lynn
      Twitter:
      says:

      Hi Elaine,

      Sorry to hear that you were not successful. Every type of marketing is challenging. I’ve tried some that have not succeeded, but I did the best to look at the experience as a lesson. I’m not sure why you had trouble. It could be a number of factors and I’m not sure how long you promoted, or what methods your used. I guess my best thought would be to keep trying and find out what works best for you. Some people prefer different types of marketing, and maybe affiliate marketing isn’t the best choice for you. Thanks for stopping by. Hope to see you next week in NS, and I wish you a great 2013!

      Raena Lynn

  5. Hi Raena,

    Like Donna, I’ve tried it all as well. I’ve spend a couple of years in network marketing and then like 5 years in affiliate marketing. I also prefer affiliate marketing as I realized that people in network marketing may think that it’s their business, but it’s really not, it’s the company’s. And I found this out the hard way.

    With affiliate marketing you have to be very smart and skilled at driving the reader to your sales page without selling on article directories and not even on your promotion blog, and that’s an art at which I had become quite good. I’ve made quite some sales over the years. However, after a while I got a bit tired and wanted to start my 3rd online phase which is selling my own services now.

    This is a great educational post Raena for whoever wants to understand what affiliate marketing is about.

    1. Raena Lynn
      Twitter:
      says:

      Hi Sylviane,

      Thanks for you insight! I had no idea you were involved in affiliate marketing for 5 years! There is a fine line when you are marketing You, Inc. and combining it with affiliate marketing. It can be done successfully as long as you maintain that you are the CEO and recommending products. There is much more to it than acquiring an affiliate link. The key is to drive traffic and the traffic needs to be converted. It takes time and focus, but can be very lucrative once you obtain the skills needed. Thanks for your visit!

      Raena Lynn

  6. Yorinda
    Twitter:
    says:

    Hi Raena,
    this is a great review on affiliate marketing.

    It amazes me how some companies are so generous.
    The Vision board system software which is one of my favorite toys offers 40% commission on the first tier and 10% on the second, which means even if you are not selling any someone else might and you are still benefiting.
    Thank you for providing this useful information.
    Cheers,
    Yorinda

    1. Raena Lynn
      Twitter:
      says:

      Hi Yorinda,

      Thank you for your comments. Yes, I’ve looked at your vision board when I’ve visited your blog. It is a perfect fit for you. I think it is important when choosing a product to promote that it is parallel to what your personal interests. For example, since I am a teacher, I prefer to promote teaching and coaching products. I have future plans of expanding the product I created, but for now, I prefer affiliate marketing. I glad to hear you found my post to be useful. Have a wonderful 2013!

  7. Can’t knock it. It certainly works! Some very good insights here Raena! Affiliate marketing is what I call the ‘bread and butter’ industry of internet marketing for online entrepreneurs. ~Robin~

    1. Raena Lynn
      Twitter:
      says:

      Hi Robin,

      Thanks for your comment. Affiliate marketing certainly is one of my favorite methods of marketing. I’m glad to hear your positive response! Have a great 2013!

      Raena Lynn

  8. Raena,
    You sure write a great article here… I never really liked to do any MLM business.. yes, I signed up and went to meetings many times… but never done the business per se… I like being an affiliate and work as I please PLUS… some MLM companies that I signed up, when it come to chat with uplines or trainers.. they all told me that with my attitude, I will never make it in MLM… so that was case close for me haha :-0

    Being an affiliate give me freedom and pleasure to work with others, in a MLM biz, I was always under the same pressure to recruit friends and family…

    Thanks for your article.. enjoyed.
    nickc

    1. Raena Lynn
      Twitter:
      says:

      Hi Nick,

      There is a big difference between affiliate marketing and MLM. Both have the disadvantages and benefits. It is up to each marketer to understand the differences and choose the one that works for them. I’m not sure what your upline meant that you would never make it in MLM because of your attitude. Some people love recruiting and building teams. Some don’t. Maybe you don’t like recruiting, and that is your choice. I prefer affiliate marketing and I have been more successful with it than MLM. Thank you for your comments. I appreciate it. I hope you have a great 2013!

      Raena Lynn

  9. Excellent overview as always Raena. Of course I’m aware of affiliate marketing, but I’ve never tried it seriously. It is something I’ve been thinking about exploring; as a matter of fact I’m in the process of setting up an affiliate program for my latest book. It’s a bit of a learning curve, but I’m enjoying it so far. Thanks!

    1. Raena Lynn
      Twitter:
      says:

      Hi Marquita,

      You are in an ideal situation Marquita. You already have your product and setting up your own affiliate program is the smartest strategy you can choose. Good luck with your latest book!

      Raena Lynn

  10. Jodene
    Twitter:
    says:

    Hi Raena Lynn,
    This is a great post. I love affiliate marketing. I think it’s a great way for newbies to get started and to get a taste of internet marketing. Like everything, you need to learn and get some practice in order to be successful. What originally attracted me to affiliate marketing is that it is fairly inexpensive to get involved. You spend what you can, when you can. It worked great for me because I was full time employee making the changer to business owner.
    ~ Jodene

    1. Raena Lynn
      Twitter:
      says:

      Hi Jodene,

      I agree that affiliate marketing is a great way to get started to “learn the ropes” in marketing. It is very flexible for those who have limited time schedules, due to working, as you. It is fairly inexpensive to get involved and you have the choice of what you want to promote. It’s a great “in between” strategy for some and a “full time” strategy for others. Thanks for stopping by!

      Raena Lynn

  11. Sue Price
    Twitter:
    says:

    Hi Raena

    Affiliate marketing has always made sense to me. I am not ready to do my own product so I would rather sell someone else’s.

    I like Empower Network as it is really an affiliate program but has some of the features of an MLM.

    I like the MLM model but have never really made it work for me. I really admire people who do as I think it has the best residual income.

    Thanks Raena

    Sue

    1. Raena Lynn
      Twitter:
      says:

      Hi Sue,

      Since you are not ready to create and promote your own product, affiliate marketing is a good choice. There are hundreds, if not thousands of products to choose from. I have found that I can maintain my personal brand and still make sales as an affiliate. EN is a mix of both affiliate marketing and MLM. I’m glad that you found a program that is working well for you. Thanks for stopping by!

      Raena Lynn

  12. Clare says:

    Hi Raena,
    In today’s world of marketing, I believe it makes sense to affiliate market as part of network marketing. But it is just that, a part of our online network marketing.
    The skills involved with network marketing are completely different and it always surprises me when folks online think they can build a network marketing business without talking to anyone ( sorry I’m ranting). Anyway, they both have a place and since network marketing takes time ( mostly 3 – 5 years of consistent training), affiliate marketing is a fantastic way to earn money along the way and keep you in the game. You cannot beat network marketing for being the most awesome profession in the world if you can gain momentum and crack the code. Affiliate marketing can create residual income if you have your own products and also breakthrough to freedom.
    Having done many trainings, I am just about to start affiliate marketing with a few products from mentors that I 100% believe in. I think that is key – you must have experience with the products you are offering. Just saying…

    Best wishes
    Clare

    1. Raena Lynn
      Twitter:
      says:

      Hi Clare,

      Thanks for stopping by my blog. It sounds like you know what you are talking about with regards to affiliate marketing. You are right on target with network marketing, which takes 3-5 years to get established. In the meantime, affiliate marketing is a great way to “keep you in the game.” So many people are trying so hard to crack the code, and it can be done. It takes consistent training and not giving up. Again, I agree with you that key to succeed in affiliate marketing is believing 100% in the products you are promoting. I wish you success with your affiliate marketing endeavor. I know you will do very well!

      Raena Lynn

  13. Hi Raena!
    Wow, how you have grown! The blog looks great, really good. I agree about affiliate marketing. I was always kind into it but now I have jumped in with BOTH feet with MLSP and Pure Leverage… so it’s interesting to be a part of it. I’m also thinking of creating my own product but I’m twirling that around in my head still. Great information, suggestions as usual and great to re-connect with you! Look forward to talking to you again some day.

    1. Raena Lynn
      Twitter:
      says:

      Hi Lesly,

      Good to see you here! That’s exciting to hear that you are creating your own product! Whatever you create will be awesome. I’ve seen you around in various groups. In fact I see many of the “old gang” going about their business. I’m still in the process of making changes on my blog, but your encouragement and kind comments are greatly appreciated!

      Raena Lynn

  14. Teresa Farrell says:

    Great overview…I have been involved in affiliate marketing for a couple of years now and it is a full time income for me now but I have put my time and money in…I see you spend time and money in training materials and mentoring programs. I think this is vital to be successful. I agree with your insight on failures, too.. They will happen. Learning from them is important. One thing that has made a big difference for me, personally, is to stick to the higher commissions and only sell products I use and believe in. If that means missing a big launch until I have time to use the product, myself…I miss the launch.

    1. Raena Lynn
      Twitter:
      says:

      Hi Teresa,

      I visited your blog for the first time this week and I have to say, very nice to meet you! I’ve been an affiliate marketer for awhile now, and I had to go through some of the hard knocks such as realizing low commissions are not worth the time and effort. There are many affiliate programs that offer 90% and 100% commissions. For example, I am a licensee for a particular company so I get 90% and another pays 100%. It has made a huge difference. Another very important factor to consider is the sales funnel must lead to high end offers. Above all, I too have to believe the product has to be something I use and highly recommend. I actually love to promote products that are exciting to share. Thanks for visiting and I know I will see you around 🙂

      Raena Lynn

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